Business news from Ukraine

Business news from Ukraine

HUNGARY REMAINS LEADING BUYER OF UKRAINIAN ELECTRICITY

Ukraine in January-June 2019 increased revenue from exports of electricity by 17.9% or $28.792 million compared with January-June 2018, to $189.455 million, including $32.188 million in June alone. Hungary bought electricity worth $118.05 million, Poland $40.386 million, Moldova $23.487 million, other countries $7.532 million, Ukraine’s State Fiscal Service has said.
Over the period under review, Ukraine imported electricity worth $0.607 million, in particular, electricity imports from the Russian Federation were estimated at $0.571 million, from Belarus at $0.034 million, from Moldova at $0.003 million.
As reported, Ukraine in 2018 exported electricity worth $331.942 million. Hungary bought electricity worth $189.958 million, Poland $78.763 million, Moldova $53.144 million, and other countries $10.078 million. Exports of Ukrainian electricity in monetary terms in 2018 increased by 40.9% compared to 2017.
Ukraine increased electricity exports by 19.3% or 999.4 million kWh in 2018, to 6.166 billion kWh.
According to the forecast, Ukraine in 2019 plans to export 6.42 billion kWh of electricity, and this is slightly more than in 2018 (6.2 billion kWh).

, ,

UKRAINE INCREASES IMPORTS OF PETROLEUM PRODUCTS BY 13%

Ukraine in January-June 2019 imported 3.869 million tonnes of petroleum products (HS code 2710 – petrol, diesel, fuel oil, jet fuel, etc.), which is 13.2% more than in the same period of 2018.
According to the State Fiscal Service, oil products were imported for $2.454 billion, which is 10.4% more than in January-June 2018 ($2.224 billion).
Fuel imports from the Russian Federation amounted to $1.053 billion (a 42.92% share), Belarus to $883.04 million (35.98%), Lithuania to $265.12 million (10.8%), other countries to $252.743 million (10.3%).
In addition, in January-June 2019, Ukraine exported 319,490 tonnes (42.2% up from January-June 2018) of oil products for a total of $148.11 million (a rise of 23.4%). The cost of fuel supplied to counterparties from Greece was $46.65 million, Latvia $19.309 million, Hungary some $13.904 million, other countries some $68.246 million.
As reported, Ukraine in 2011 imported oil products for $6.954 billion and exported – for $3.339 billion, in 2012 – for $7.607 billion and $1.389 billion, in 2013 – for $6.418 billion and $810.772 million, in 2014 – for $6.698 billion and $510.596 million, in 2015 – for $3.857 billion and $116.385 million, in 2016 – for $3.267 billion and $86.585 million, in 2017 – for $4.159 billion and $180.851 million, and in 2018 – for $5.541 billion and $249.616 million.

,

FARMAK RAISES FIVE-YEAR LOAN FROM EBRD

PJSC Farmak pharmaceutical company (Kyiv) has raised a five-year loan from the European Bank for Reconstruction and Development (EBRD) in the amount of EUR 15 million (equivalent of UAH 427.838 million). An Interfax-Ukraine correspondent has reported that the loan agreement was signed between the bank and the pharmaceutical producer on Tuesday.
Farmak Executive Director Volodymyr Kostiuk said that the company has raised around EUR 72 million from the EBRD since 2006. “The EBRD is our strategic partner, we will continue working with it,” he said.
Kostiuk said that the attracted funds are intended to expand production at the Farmak’s facility in Kyiv.
“We want to develop and conquer new markets, but today we do not have enough production capacity, so the expansion of production is very important for us,” he said.
The borrowed funds will be sent, in particular, to finance the expansion of production facilities, and the construction of a new laboratory and production complex.

, ,

UNIQUE ANIMALS WILL BE SHOWN NEAR KYIV

Unique animals will be shown near Kyiv
On July, 13 and 14 the «Kyivan Rus Park» invites to make an exciting time travel into the epoch of Kyivan Rus and see the show with the participation of horses of rare historical breeds. Slavic amusements, museums, horse riding, tasty dishes prepared on bonfire, master-classes and a lot of interesting things from the life of a real medieval city will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 170 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com

The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

, ,

SIKORSKY KYIV INTERNATIONAL AIRPORT SEES 16% RISE IN PASSENGER TRAFFIC IN JAN-JUNE

The Sikorsky Kyiv International Airport in January-June 2019 serviced 1.332 million passengers, which is 16% more than a year ago. The airport said that the number of passengers serviced on international flights totaled 1.298 million, and on domestic flights – 33,900.
At the same time, the number of serviced flights amounted to 14,271 (arrivals and departures), which is 5.6% more than in January-June 2018, including 11,966 international flights, and 2,305 domestic flights.
The most popular international destinations at the airport in January-June 2019 were Sharm el-Sheikh (Egypt), Warsaw (Poland), Minsk (Belarus), Ankara (Turkey), Vienna (Austria), Berlin (Germany); domestic – Odesa, Zaporizhia and Lviv.
At the same time, in June 2019, the airport serviced 248,500 passengers, which is 14.8% less than in June 2018. The number of passengers serviced on international flights amounted to 241,800, on domestic flights – 6,700 passengers.
The number of serviced flights in June 2019 amounted to 2,691 (arrivals and departures), which is 9.9% less than the same period of 2018.
The press service of the airport told Interfax-Ukraine, the decline in passenger traffic was mainly due to the relocation of SkyUp Airlines.

, ,

FOUR SHOPPING CENTERS TO BE SCHEDULED IN LVIV BY LATE 2021

Average vacancy of shopping centers in Lviv by the middle of 2019 was 2.9%, and by late 2021 it is planned that total supply of retail space would expand by 34,600 square meters thanks to the launch of four new shopping centers, UTG consulting company (Kyiv) has reported. “As of the end of the first half of 2019, there is a shortage of commercial premises in the amount of about 24,700 square meters. In the case of the implementation and commissioning of the announced promising projects in the market, there may be a surplus that will inevitably entail overflow of tenants from obsolete facilities that are losing popularity, as well as will have an impact on the growth of vacancy and the correction of rental rates downwards,” UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in 2019-2021, shopping centers with a total leasable area of 35,600 square meters are declared to open, in particular: on July 25, 2019, the opening of Vernissage shopping center (1, Shevska Street, GLA is 1,000 sq. m), the Arsen shopping and entertainment center (60, Chervonoi Kalyny Avenue, GLA is 24,800 sq. m.), the Kinescope shopping center (Heroyiv UPA Street, GLA is 8,600 sq. m.), as well as a shopping and office center 11, Hospitalna Street (GLA is 1,300 sq. m.).
According to UTG estimates, by the end of the first half of 2019, two regional, six district, 16 microdistrict, 11 specialized shopping centers and 11 detached supermarkets and hypermarkets were operating in Lviv.
According to the ICSC classification, the total area of the city’s retail facilities is 390,200 square meters., which corresponds to 528,400 square meters per 1,000 inhabitants or 2,200 0 square meters per square kilometer of the total area of the city (excluding small shops, street retail, city markets, detached super- and hypermarkets).

,